Cable Operators

Cablevision to Redeem $2B in Bonds

4/08/2004 4:51 PM Eastern

Bethpage, N.Y. — Cablevision Systems Corp. said its subsidiary CSC Holdings will redeem about $2 billion in bonds next month.

The announcement is part of Cablevision’s recent decision to issue $500 million in new bonds and purchase $1.5 billion in preferred securities from CSC Holdings.
Cablevision notified holders on April 6 that it will redeem all of its 11.75% Series H Redeemable Exchangeable Preferred Stock; its 11.125% Series M Redeemable Exchangeable Preferred Stock; its 9.875% Senior Subordinated Debentures due 2013; and its 9.875% Senior Subordinated Debentures due 2023 on May 6.

October
November